Selected Data for the Boat Rental Company Follow -What Was the Dividend Payout Ratio for the Prior Year

question 139

Multiple Choice

Selected data for the Boat Rental Company follow:
$\begin{array} {|l | r | r | } \hline & \text { Current Year } & \text { Prior Year } \\\hline \begin{array} { l } \text { Preferred Shares, 8\% Par } \\\text { Value } \$ 50\end{array} & \$ 250000 & \$ 250000 \\\hline \begin{array} { l } \text { Common Shares, Per Value } \\\$ 10\end{array} & \$ 500000 & \$ 500000 \\\hline \begin{array} { l } \text { Retained Earnings at End of } \\\text { Year }\end{array} & \$ 257000 & \$ 240000 \\\hline \begin{array} { l } \text { Net Income } \\\end{array}&\$ 102000 & \$ 90000\\\hline \begin{array} { l } \text { Dividends Paid on Preferred } \\\text { Shares }\end{array} &\$20000&\$20000 \\\hline \begin{array} { l } \text { Dividends Paid on Common } \\\text { Shares }\end{array} & \$ 55000 & \$50000 \\\hline \begin{array} { l } \text { Quoted Market Price per } \\\text { Common Share at Year End }\end{array} & \$ 25 & \$20 \\\hline\end{array}$

-What was the dividend payout ratio for the prior year?

• A) 55.6%.
• B) 71.4%.
• C) 114.3%.
• D) 140.0%.

Understand the role of viral mechanisms in altering host gene expression.

Comprehend the importance of promoter regions and transcription factors in the initiation of transcription.

Grasp the concept and implications of lysogeny in bacteriophages and its effect on host gene expression.

Understand the relationship between gene regulation mechanisms and disease, including cancer.

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Definitions:

Ultraviolet Radiation

A type of electromagnetic radiation with a wavelength shorter than that of visible light but longer than X-rays, capable of causing chemical reactions and damaging living tissues.

Oxygen

Oxygen is a chemical element with symbol O, essential for cellular respiration in most living organisms and a key component of Earth's atmosphere.

Cyanobacteria

Photosynthetic microorganisms, also known as blue-green algae, that are important for oxygen production and are found in many aquatic environments.

Photosynthesis

The process by which green plants and some other organisms use sunlight to synthesize foods from carbon dioxide and water.